ERFcheck

RATING:

3.0

(1)
Overview

About ERFcheck

ERFcheck is a bank reconciliation software that reconciles large volumes of information from balance sheets and transactions. The software offers an automated bank reconciliation process meaning that the management and finance control departments of banks can access a single front-end with a consolidated and unified view of all transactions. These tools allow banks to effectively carry out automated reconciliations, manually resolve any reconciliations not automatically resolved and access a history of information already processed. The platform helps users detect errors in real time, reducing associated management cost and resolution time.

ERFcheck Pricing

Please contact RiskMS directly for pricing information.

Starting price: 

€50,000.00 per year

Free trial: 

Not Available

Free version: 

Not Available

ERFcheck
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ERFcheck Reviews

Overall Rating

3.0

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

5

Value for money

3

Functionality

4

Most Helpful Reviews for ERFcheck

1 Review

Angel

Banking, 10,000+ employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed November 2021

Useful reconciliation tool

I have used ERF-Check to make IRS reconciliations and my overall experience with it is positive. The platform provides users and the principal clients safety during the reconciliation process it helps with the automatization process that enable better time harness, and help eliminating manual risks. It is also easy to use and have a good interface.

PROS

The product is easy to use, it has got a friendly interface. The possibility to create logic rules is the best of the product since like this you are saving so much time with the reconciliation process during the intermediate duration of the trades with no discrepancies.

CONS

When you need to seek for past information and you need to investigate you cant get to the final point by just clicking . You have to open ERF-Check in several additional tabs in order to copy and paste the different IDs that you use to identify past trades.

Reasons for switching to ERFcheck

There were some root problems very expensive to be fixed. It was Old-fashioned and not very intuitive.